New York Train Derailment Kills Four, Injures 63

12/2/2013 8:30AM

The Metro-North derailment investigation is focusing on whether the train's engineer properly applied the brakes, insurers and some states are continuing to look for ways to bypass the balky health-care website, plus a look at the markets. Photo: AP.

This transcript has been automatically generated and may not be 100% accurate.

... the the ... ordinary ... the next thing I know ... chances are ... it starts ... it's like a second its July kit spotlight ... I ... know it's with that said ... the state to stop this topic but let's ... hear it and then everything ... it's the it's ... Wall was the problem with Sunday's deadly Metro North rail crash in New York ... well maybe the price one Applied that's one of the latest there are a some will have the details right here right now on the New Saab good morning and welcome I'm Simon Constable Michael ... will Street dolls ... reading Neil reporter Ted Mann whose joining us now on the set with the sauce mean you've been covering covering this time and it's up ... it's a dwarf old suit your tuition I'm ... the brights was a applied in time I guess that's one that's one of the big questions that some investors are looking and now this is a trend appears to condone far too fast would approach this sharp curve ... and ... that leads some to wonder whether or not the train operator was breaking sufficiently before entering the car ... with the transaction and Dom would be via one of the engine is an annual story have one in the foliage and am the twenty year veteran ... aam could be reached for comment that he would be in full with to decide the decision on whether to apply the ready to head his hand on the throttle on the brakes on and he seems a very good engineer by the people we spoke to the people in the Indian people to railroad service veteran ... aam but we did speak to several people familiar with the investigation he said the train was not being slowed as it should have as an approach that her ... and that has an eighties and is the coveted one of the things that type ... of Governor Cuomo I mentioned yesterday it was that you know it's topic of this the trends go on to that of ... every day it's a tizzy the rough equivalent to Speed was the issue ... of going around a hairpin bend of the hundred miles an hour and a couple of slices left absolutely the speed limit is about seventy five miles an hour drops to seven days to start to approach the curtain in the curve itself because all the other three miles now is the maximum allowable speed for passengers ... now think the locomotive that is the engine that pushes the carriage is all it pulls the carriages was actually pushing was on the back and ... aam ... is that it's self dangerous I know that some people think that that it could be ... the same polling people keep calling ... look commodities more traditional ... there's some debate about this among strain aficionados and some experts know when we talked to thought that that would be the cause an accident such is the ... there's some question about whether having the mass of a locomotive in front of passenger carriages that derailed might ... prevent them from traveling further ... but that's really a secondary issue aam and it's ... in this isn't a configuration which means Iran all the time throughout this entire region aam and that's not an area with looking at us because we are now the National travel safety poison when war ... that on the scene and immediately there that that that was setting up meetings has to decide how to proceed ... how long will this tightening is that these are just a tremendous amount of data to filter through this a lot of data to filter through an IV see what they're doing is very complex reconstruction aam some of these questions will be answered interfere the quickly they've already begun down legally completed downloading ... the data recorder from the train ... at Alltel as high as the black ... boxes and that'll tell them when the brakes were applied with the engineer has told some investors to try to maneuver called dumping the brakes of the last minute ... this is to use your analogy this is the problem of ... realizing your an off the road and pulling the emergency brake ... assist an absolute last ditch measure but don't kill see if that actually happened to see if that works as intended and I'll also try to see if the train was slowing before hand message ... ok ... aam we we know you'll be on the case thank you Brian much that matter ... book about the new stuff there at the yes J live I'm Simon console it's time for a quick look at the mock it's about a helpless ... them markets editor ... John Shipman ... Sean thank you Brian much for being him about the future is what one of the Missouri edging a little bit higher right now they were a little bit lower so the waffling around on first day of the month tends to have a publisher Aidan's first raided the exactly ... as a bullish bias so on ... that and you can probably expect that but it's not a guarantee obviously now where profit they send that's like like me and I knew there was a salute this way down to nothing and manufacturing index from sales jobless claims that it was the big one the one that will be looking out they've been unemployment data Friday right so today we have the highest since Nov manufacturing ... read It's post the Lutheran is projected to be a little bit weaker ... than on last month but ... still solidly in expansion territory ... the new home sales will be looking out on Wednesday with this boast that their forecasts come in flat ... and then went on the Friday we get that you the the well we get GPT there which is expected to rise ... higher and then we get the Friday jobs report ... we will have live coverage all back right here ... I will be in the St ... that meant that Iraq and will be analyzing and snowy night you been looking out three stocks to die ... notably all the Amazon Amazon the thing is it's an interesting a lot of fun so ... it was about Amazon this morning because in the sixty minutes interview last evening ... CEO Jeff bes those to scoop up unveiled ... their plan to one day perhaps the Lipper packages via these small flying drones would show us ... how to ... sing a lot of jokes about their cattle treated as a nation of awful lot of um a lot of consumers out there and it's a big days Cyber Monday its big day for Amazon though stocks low but higher today with ornaments of top model and to not sweat so I'm off a little bit because it did when he got a neutral rating from JPMorgan which is interesting is J P Morgan was one of the underwriters set of their IPO typically the underwriters come up very bullish ... shortly after ... the IPO but ... of the JPMorgan obviously you're a fan of ... of Twitter ... but not of the ... size of their market cap right now ... to thirty billion and in in the Billy inbox for a company of applesauce in Asia on the axle and are using the valuation metrics that pitching for new books that it's expensive compared to the glitz of ... Internet rather in Facebook and went and sat in ... the world of mobile setup sounds ... Cablevision Asian cinema free aren't giving a boost yet Cable Cablevision of on Barron's whose premarket on a ... bullish story over the weekend suggesting the Cablevision shares ... could appreciate about fifteen percent ... on the story there is industry consolidation and ... landed on cable ... TV will provide a ... US competition means more profits and will write stuff of markets ... but if I can read much pleasure John Shipman all the Wall Street John all ... the comments as it's made progress on its health insurance website but insurance in states are hedging their bets will Street gentle spends on say has mowed itself ... an e joins us now ... Spencer thank you for being map ... while the government's demands of a passing grade says of the of the site will now be held to accommodate ma'am the dough tens of thousands the uses app wants to ... buy the skepticism now that right tells about that ... yes so we get a government or a dramatic progress in sixteen of the many clothes and go to go ... into question the site is working better for consumers as they try to roll ... over is still a lot of problems on the back and the way say ... that essentially takes all the information you information from consumers and shut its those shuttling to and shirts ... and some insurers are not getting it up it's a completely accurate information so ... that ... that's some states than some insurance companies ... that's the other deadlines operable may ... want to ... see if they can do ... to work around students to the website ... the government's that the number of things that it says is on the twenty fourth of March inside performance twice daily wall remains an open brief but instead incident response ... and the accountability it and Dom decision-making ... all of that sounds very good ... but people always seem to have ... been burned before and the andthe few few weeks sense of this was unavailable to Oct the fuss this buyout to some of the second ... two months Whitnall really you know ... would we don't really go on a fully functional it's not like going on Amazon Vine the book is that ... the logo ... it's clear from the beginning of that there were a ... combination of medicine balls to multiple there is no great artist of building this website so what they saw the cracks ... they brought a new guide to sign the White House this on to the contractor that sexy to be a huge difference is the reason why it was actually a lot of these fixes ... and a decline in the website to handle fifty thousand simultaneous users now ... the technical problems still not completely done in the government doesn't read that and so I think it is committed to challenges in the next few weeks what is ... when the market bulls are more one lot people sometimes the website today ... over the next few weeks or ... the Jenner first woman to want the dishes ... the stress test and didn't really see ... how effective these upgrades these fixes works ... best on a walk talk ... to is that the government to be able to ... fix the Bakken alms to the satisfaction ... of the insurance companies in the States ... and working usually on the ground so you know they don't get that figured out in these workaround graphene ink on a test market ... one of the things that and yes laureates us ... of the big problem is and isn't an insurance industry said that the union than this but haven't been able to guarantee accurate ... enrollment data ... so if they enrollments anything is wrong and say your I one on the site of mine in insurance and it's it's more on that who Benson they have the fallout from ad is that the government is in the insurance company or is in the press and buying the insurance ... well the nature of the last ... recession in the fall ... the government is going to take the plan for this because it's their product and irresponsible or in terms of ... who bears the financial burden of financial planning so it's not completely clear because we're not quite there yet ... but ... you know there are some other options for example that the pilot program going on right now for us to adopt a program ... with three-stage remotes days to actually explore some these were ... the cause director Roland so that ... the governor of an insurance company to ... just all ... over the phone ... data information from eighties in other databases to determine if they're eligible is determined to get a financial subsidy announced Wednesday ... and then also the government is working on ... so ... this of seat up to Twitter ... that he would ... be unwilling to use without a computer to determine is ... if a person is eligible ... for subsidies to those two things are looking into right now ... how can we shall say great stuff as always spends on say ... the same time ... retail spending the Thanksgiving weekend drop for the first time in at least seven years ... but now it signed on Monday ... the biggest online shopping day of the app ... well I'll shoot you deal with that and what deals are too good to be true will tell you after the break ... Tce ... welcome back to the new sub at the beest live ... it's odd but one day traditionally ... the time when you'll go online at that desk at work and buy lots of stuff ... how do you maximize your slide the savings will we go from Shelley's online shopping as awful FatWallet dull pomp ... of bread thanks obeying now ... my clothes are ... so ... falloffs in deals on how that how do you know wants to get to be true and what's not to get to the trip ... you're correct that ... there's a lot of deals you've got every store that has e-commerce is ... probably participating in cyber Monday if they're not ... around they should be ... ALM ... so they're all in all for something whether their midst or or whether there are a big box ... um a lot of aam are just offering discounts trade across the board storage is down forty fifty ... sixty percent ... aam which ... in some ways that's great for the shopper is then they can choose what they want what they ... need ... aam and it's probably the best way to get a discount ... aam ... you know other than that some of the sexier gasoline TVA's cameras ... laptops tablets ... it's very selective it's not like Black Friday where they put ... up a whole bunch of items on sale ... so ... you know in shoppers as the to be smart and ... its focus in on this enmity and that the detainees The electronic stuff if you wana Wall I'll what you might be only get a better deal ... yet traditionally um electronics especially tea these cameras aam ... little more high tech items ... are going to go on sale after the consumer Electronics Show in January ... then announce the new models so stores will be reducing the old models ... leading up to the Super Bowl IVZ great time to buy TV there's a lot of sales ... aam and then in the months following that ... as we go into spring is traditionally a better time to buy the high end stuff ... and what about large appliances with talking washing machines dishwashers ... refrigerators freezers out what is the best time to buy them ... well that there was some great sales right before Black Friday ... there was a lot of ... as you know BlackFriday Crete ... early sales aam is very spread out this year and saw some good deals on appliances ... but traditionally of ... appliances can be picked up for a really great discounts are on presidents day in February Memorial day ... aam and then just after Labor day ... so maybe it's time to wait ... for my washing machine in the meantime go to the long drive thank you very much Fred fell from FatWallet cocoa ... son Qassam on that's it ... that's new supper now come at ten thirty on MoneyBeat ...